SGX mulls over allowing dual-class share structures

Hong Kong dumped a similar proposal a year ago.

Singapore Exchange Limited is considering a proposal for dual-class shares for listed companies following legal reforms that allow such structures.

Bloomberg reported that under the proposal, listing applicants will need to meet certain requirements for dual-class shares. It’s the latest among rules Singapore is trying to establish to attract more public companies. Previously, listing of resource firms without an earnings track record, as well as dual currency trading for stocks and exchange-traded funds has been allowed.

The motion came after Hong Kong’s stock exchange operator junked a similar proposal last year following dissent from its regulator.

Read the full report here.